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FOX News
Nov 26, 2012 1:00pm PST
norquist's imagination does such a response to exist? >>guest: okay, warren buffett has made a lot of money, some of it off of gaming the political system, he invests in insurance companies, and lobbies to raise the death tax which drives people to buy insurance. okay? you can get rich playing that game but it is not investing, it is playing crony politics in economics. that is a shame. he has done the same thing with green investing. same on him for gaming the system and giving money to politicians who write rules that make your assets go up. the real economy, if he thinks the government can take a dollar and you go do an invest or who does not have that dollar and it does not infect investment that is silly unless he lands on going to obama and getting money from a stimulus package and he considers that investment. when the government takes a dollar away from the american people or $1 trillion, that is a trillion not available to be saved and invested, and i am sorry if buffett can't see that but that is silly. >>neil: do you worry, fairly or not, you have been seen as you unique wizard o
FOX News
Nov 27, 2012 1:00pm PST
, yesterday, in the "new york times", warren buffett had a piece calling for the buffett rule of 30 percent tax on rich people, and even if you do that and even if we pass that law that raises $5 billion a year, that is .5 percent of the deficit. we cannot get there, get the deficit down without significant cuts in spending. >>neil: the election has consequences and you could argue that a key premise of the president's re-election was i will raise taxes on the rich and he is likely entitled to that, he will likely see that but it is all the other things they are leveraging with democrats do not touch entitlements and putting everything on table it remind me of george bush sr. he agreed to reverse the pledge oh ride -- "read my lips, no new taxes." but the democrats never offered correspondenting spend cuts. we know what happened to him. what happens to those who agree do in the republican party? >>guest: the republican party has to stand for economic growth and it has to stand for the principle that keeping tax rates low and reforming the tax system is the way to grow the economy. i disagre
Search Results 0 to 1 of about 2